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Gold price pulls back as market sentiment improves
Gold price pulls back on positive risk appetite, denting safe-haven demand. Gold rose strongly on Wednesday after the Federal Reserve adopted an overall easing bias in its May meeting. The precious metal was propelled higher after Federal Reserve Chairman Jerome Powell described more rate hikes as “
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EUR/USD holds positive ground above 1.0700, eyes on German CPI data
EUR/USD gains ground 1.0710 amid the softer USD on Monday. The US PCE inflation rose by 2.7% YoY in March, compared to 2.5% prior, which was hotter-than-expected. The ECB might cut interest rates before the Fed amid the cooler inflation in the Eurozone. The EUR/USD pair trades on a stronger note aro
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Pull-up Update